Aster’s perpetuals daily volume edges past Hyperliquid with over $12 billion trading surge

Aster, a brand new decentralized alternate for on-chain perpetuals backed by former Binance chief Changpeng Zhao, has recorded its first daily volume win towards Hyperliquid.

On Sept. 23, Aster disclosed that merchants moved greater than $12 billion value of contracts on its platform in a single day. That determine put it forward of Hyperliquid, which registered $9.8 billion over the identical interval.

Aster’s momentum has been fueled by a number of key components, together with investor enthusiasm linked to Binance founder Changpeng Zhao’s endorsement and the extraordinary surge of its native token. Over the past week, ASTER has rallied greater than 2,100%, hitting an all-time high of $1.97.

That worth run has drawn liquidity and speculators to the platform, in flip boosting trading volumes and visibility.

However, regardless of Aster’s rise, the platform’s quantity nonetheless pales considerably towards Hyperliquid’s.

DeFiLlama data reveals Hyperliquid has recorded almost $307 billion in trades throughout the past month, in contrast with solely $27 billion for Aster.

That disparity illustrates how vital Hyperliquid’s lead is, at the same time as these new entrants pressure its market share.

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